Q1FY21 results: Spandana Sphoorty Financial net profit declines by 36.9 per cent YoY to Rs 58.93 crore

Q1FY21 results: Spandana Sphoorty Financial net profit declines by 36.9 per cent YoY to Rs 58.93 crore

Ganesh V
/ Categories: Trending, Quarterly Results

Spandana Sphoorty Financial Limited announced its Q1FY21 results on Aug 31, 2020. Consolidated net profit stood at Rs 58.93 crore for Q1FY21. It declined by 36.9 per cent as compared to Rs 93.4 crore that it had reported in Q1FY20.

Net interest income (NII) stood at Rs 224.88 crore as against Rs 188.07 crore it reported in Q1FY20. A growth of 19.6 per cent YoY.

Total income grew by 7.2 per cent YoY to Rs 326.95 crore in Q1FY21. It had reported total income of Rs 304.86 crore in Q1FY20.

Operating profit for Q1FY21 stood at Rs 78.41 crore. A decline of 45.1 per cent YoY as against  Rs 142.71 crore in Q1FY20.

Share Price of company closed at Rs 612.8 down by 4.18 per cent on BSE.

Particulars

Q1FY21

Q1FY20

Change

Net Profit

58.93

93.37

-36.9%

Net interest income

224.88

188.07

19.6%

Operating profit

78.41

142.71

-45.1%

Previous Article Q1FY21 results: JK Cement net profit declines by 62.25 per cent YoY to Rs 49.94 crore
Next Article Optimism to greet markets on first trading session of September!
Rate this article:
4.1

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR